Cornerstone Closes Debt Settlement

OTTAWA, Dec. 16, 2019 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV: CGP) (Frankfurt: GWN) (Berlin: GWN) (OTC: CTNXF) announced today that it has closed its debt settlement transaction announced on December 9, 2019. Pursuant to the debt settlement transaction, Cornerstone has issued 283,920 common shares of the Company at a deemed price of C$2.37 in settlement of C$672,890.52 of debt.

The shares issued pursuant to the transaction have a hold period expiring on April 17, 2020.

About Cornerstone:

Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including in the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador.

Further information is available on Cornerstone’s website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:

Investor Relations: Mario Drolet (Montreal); Email: [email protected]; Tel. (514) 346-3813

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

On Behalf of the Board, Brooke Macdonald President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source: Cornerstone Capital Resources Inc.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• MOVA by B&B Italia Brings Panama City’s First Fully Branded B&B Italia Residences to Obarrio
• Jet.AI Announces Adjournment of Previously Scheduled Special Meeting of Stockholders
• FCPT Announces Acquisition of a Tires Plus Property for $1.7 Million